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Cell Culture Media

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Category Alerts


CATEGORY ALERTS

Fujifilm to accelerate media business in South Korea

November 03, 2022
alert level: Medium
CATEGORY ALERTS

Ajinomoto Genexine Corporation Has Partnered With JSR Corporation For Cell Culture Media Business

October 03, 2022
alert level: Medium
CATEGORY ALERTS

Nucleus Biologics Expands Cell Culture Media Manufacturing Facility

October 03, 2022
alert level: Medium

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Cell Culture Media Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Cell Culture Media category is 20.10%

Payment Terms

(in days)

The industry average payment terms in Cell Culture Media category for the current quarter is 54.3 days

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    Cell Culture Media Market Intelligence

    global market outlook

      • The global market size of cell culture media is around $2.2 Billion in 2021 and the market is expected to grow at a CAGR of approx. between 8 and 9 percent till 2027
      • Market has been dominated by the top three players like Thermo Fisher, Merck and Cytiva holding nearly 70 percent of the market share
      • The cost of media is impacted by the fluctuation in prices of raw materials such as glucose, lysine, sodium chloride, etc. that go into its manufacture. The increase in cost of any of these raw materials will directly affect the cost of media
      • Serum is one of the major components of cell culture media, but it comes with the high risk of contamination
      • Uptake of powdered media in the market is around 60–70 percent

    Cell Culture Media market report transcript


    Cell Culture Media Global Market Outlook:

    • Cell culture media market is expected to grow at a fast pace along with the growing biopharma segment and the increasing need for vaccines to fight COVID-19

    • Market has been dominated by the top three players like Thermo Fisher, Merck/Sigma and GE health care/Cytiva (Danaher) holding nearly 70 percent of the market share

    • Companies like, Lonza, Himedia, etc., also operate in this space with very small market shares and cater to smaller volumes as compared to the major players

    Cell Culture Media Market Overview

    • The cell culture media market is expected to grow at a fast pace as long as there is growth in the biopharma manufacturing and contract manufacturing segment.

    • The cell culture media market will reach a value of $3.6 billion by 2027 with a CAGR of between 8 and 9 percent from 2023 to 2027

    • Media is one of the rapidly growing segments in the overall cell culture market. The increasing use of cell cultures in upstream bioprocessing has driven the demand for better-defined media

    • The market is highly consolidated with Thermo Fisher holding nearly 30-40 percent of the market share and is even more competitive after the acquisition of Sigma by Merck

    • Suppliers, like Thermo Fisher, Cytiva, and Fujifilm, are expanding capacities to meet global demand

    Cell Culture Media Cost Structure Analysis

    • Cost of chemically defined media is discussed below. This media does not involve the use of serum during manufacturing

    • Like most commodities raw material cost contributes to the major portion of manufacturing. Powdered media is take as an example because it is a more traditional form of media and is widely used till date

    • Raw Material Cost: The cost of media is impacted by the fluctuation in prices of raw materials such as glucose, lysine, sodium Chloride, etc. that go into its manufacture. The increase in cost of any of these raw materials will directly affect the cost of media

    • Labor and Technology Cost: Adoption of latest technology into media production and spending on R&D to develop new products will also lead to increase in cost of the products. These are usually one time expenses, but the cost incurred by the supplier will impact the price of media.

    • Warehousing and Cold chain Cost: The need for cell culture media products to be stored and transported in sterile conditions increases the cost of media products

    Porter's Analysis on Cell Culture Media

    Supplier Power

    • Supplier power is low since most of the cell culture media manufacturers are backward integrated. Therefore, media manufacturers will not be focused on securing supply of raw materials.

    Barriers to New Entrants

    • Market being highly consolidated, new entrants may not have a fair opportunity in the market but new players with sophisticated technologies or innovative media can survive.

    Intensity of Rivalry

    • Top three players have considerable amount of market share and have intense competition among themselves. Therefore intensity of rivalry is considered to be high.

    Threat of Substitutes

    • Cell culture media is a basic component in bio manufacturing which cannot be replaced by any other component. Therefore threat of substitution is low.

    Buyer Power

    • Although there are limited players in the market. All the companies offer the standard set of media with little modifications. Thus, buyer power is medium

    • With the onset of COVID-19 there is a lot of focus in supplying to COVID-19 vaccine and drug manufacturing

    • Therefore, other buyers may not be given preference at this point

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